Traders are more bullish recently if you take note of the downtick in short interest. The stock had a fall in short interest of -39.95% between October 13, 2017 and October 31, 2017. Short shares decreased 13,765 over that period. With short interest at 20,694 and short average daily volume at 84,058, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.00% on October 31.
The following firms have recently changed their position in ECC. As of quarter end Mycio Wealth Partners, LLC had disposed of a total of 90,706 shares trimming its position 7.3%. The value of the total investment in Eagle Point Credit Co. Inc decreased from $25,663,000 to $23,800,000 a change of $1,863,000 since the last quarter. As of the end of the quarter Plante Moran Financial Advisors, LLC had bought 44 shares growing its stake by 2.9%. The value in dollars went from $32,000 to $32,000 a change of 0.0% for the reporting period.
As of the end of the quarter Blair William & Co/il had acquired 800 shares growing its holdings by 4.2%. The value of the investment in (ECC) went from $393,000 to $410,000 increasing 4.3% quarter to quarter. Baird Financial Group, Inc. added to its holdings by buying 5,267 shares an increase of 16.1% as of 09/30/2017. Baird Financial Group, Inc. currently owns 37,884 shares worth $784,000. The value of the position overall is up by 16.1%.
Ladenburg Thalmann Financial Services updated its forecast on ECC setting a rating of “Buy”. On August 16 National Securities maintained a stock rating of “Buy” with a current price target of $24.00.
August 2 investment analysts at National Securities held the stock rating at “Buy” projecting a price of $24.00.
The company is now down by 18.00% since yesterday’s close of 0.25. The company currently has a P/E ratio of N/A and the market value is 9.70M. As of the last earnings report the EPS was $-0.01 with 47.34M shares outstanding.
Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States..